Britain's competition watchdog is planning a formal competition investigation into e-commerce company Amazon.com Inc, the Financial Times reported on Thursday, citing three unidentified people familiar with the situation.
French recycling group Recylex on Thursday lost its appeal against a 26.7 million euro ($32.5 million) EU cartel fine after Europe's top court upheld the sanction imposed four years ago.
EU antitrust regulators will decide by July 2 whether to clear the merger of Finnish engineering company Konecranes and cargo handling machinery maker Cargotec.
By Reuters Staff
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BEIJING, May 25 (Reuters) - China’s market regulator has begun an investigation into suspected anti-competitive practices by KE Holdings, the country’s biggest housing broker whose top backer is Tencent Holdings, two people who know of the matter said.
The investigation is the latest into China’s big so-called “platform” companies that match sellers and buyers, several of which have been accused by regulators of exploiting consumers.
KE Holdings, which operates housing platforms Lianjia and Beike in China, was warned last month by the State Administration for Market Regulation (SAMR), along with dozens of internet companies, against any abuse of market dominance and told to conduct self-inspections.
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BRUSSELS (Reuters) -European Union antitrust regulators fined UBS, UniCredit and Nomura 371 million euros ($452 million) on Thursday in connection with a European government bond trading cartel.
FILE PHOTO: European Union flags flutter outside the EU Commission headquarters in Brussels, Belgium May 5, 2021. REUTERS/Yves Herman
The penalties are the latest to punish the financial industry for alleged involvement in foreign exchange cartels, Euribor and Libor benchmark cartels, and bonds cartels.
The three banks said in statements that they would appeal or were considering doing so.
The European Commission said the European government bond cartel ran from 2007 to 2011, with traders from the banks informing each other on their prices and volumes offered in the run-up to the auctions and the prices being shown to their customers or to the market in general via multilateral chatrooms on Bloomberg terminals.
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LONDON/MADRID (Reuters) - Britain’s competition regulator cleared a $44 billion merger between broadband company Virgin Media and Telefonica’s UK mobile network O2 on Thursday, after a months-long review.
FILE PHOTO: A man walks past an O2 phone store in Manchester, Britain March 7, 2016. REUTERS/Phil Noble
Virgin owner Liberty Global and Spain’s Telefonica, who agreed a year ago to forge a broadband and mobile powerhouse to challenge market leader BT, hailed the decision as “a watershed moment in the history of telecommunications in the UK”.
“We are reassured that competition amongst mobile communications providers will remain strong and it is therefore unlikely that the merger would lead to higher prices or lower quality services,” Martin Coleman of Britain’s Competition and Markets Authority (CMA) said.